A buyer's agent in New York notices that their client's target property has a New York DEC spill number posted on the premises. The seller claims the spill was fully remediated three years ago. What should the agent recommend to protect the buyer?
Correct Answer
D) Request a No Further Action letter from DEC and consider independent environmental testing
A No Further Action letter from DEC provides official confirmation that remediation is complete and meets regulatory standards. Independent environmental testing provides additional verification that contamination has been properly addressed. This combination offers the buyer maximum protection.
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Previous Question
A New York commercial property owner discovers PCE contamination from a former dry cleaning tenant and voluntarily enters the state's Brownfield Cleanup Program. The owner plans to sell the property during the cleanup process. What tax benefits might be available to the buyer under New York's brownfield program?
Next Question
A New York listing agent learns that the seller's property has friable asbestos insulation around heating pipes that was professionally encapsulated in 2020. The encapsulation is intact and was done by certified contractors. A buyer asks if the property contains asbestos. How should the agent respond?